Testimony on Fiscal Consequences of PPACA

Richard Foster, Chief Actuary, Center for Medicare and Medicaid.
1/26/11 Testimony before the House Committee on the Budget


McCLINTOCK: “True or false: The two principle promises that were made in support of Obamacare were one, that it would hold costs down. True or false?”

FOSTER: “I would say false, more so than true.”

McCLINTOCK: “The other promise… was the promise that if you like your plan, you can keep it. True or false?”

FOSTER: “Not true in all cases.”